Boxlight raises $7.5M via Series D convertible preferred; enters $15M equity line

Boxlight Corp

Sold 937,500 Series D Preferred shares at $8.00/share (20% OID, $10 stated value) for $7.5M aggregate.
Entered Equity Purchase Agreement for up to $15M over 36 months at 95% of market price.
Conversion capped at 4.99% beneficial ownership and 19.99% exchange cap unless stockholder approvals obtained.
Company believes stockholders' equity now exceeds $2.5M Nasdaq minimum; awaits formal determination.
Placement agents RBW Capital and Dawson James receive 7% cash fee on offering, 2% on ELOC draws.

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